HTC acquires 17% stake in Magnet Systems - Mobile World Live

HTC acquires 17% stake in Magnet Systems

21 AUG 2012

HTC paid US$35.4 million to acquire a 17.1 percent stake in Magnet Systems, a US-based enterprise app development platform company. Magnet Systems' platform is aimed at accelerating the emergence of “a new generation of enterprise applications” using a combination of social, mobile and cloud technologies.

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Tim Ferguson

Tim joined Mobile World Live in August 2011 and works across all channels, with a particular focus on apps. He came to the GSMA with five years of tech journalism experience, having started his career as a reporter... More

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